EUR/USD sitting heavy on yearly low

By FXstreet.com | Updated August 07, 2014 AAA

FXStreet (Guatemala) - EUR/USD is trading at 1.3351, down -0.24% on the day, having posted a daily high at 1.3394 and low at 1.3337.



With the ECB reaffirming that rates will stay at present levels for a considerable period of time, the EUR/USD has remained on offer overall on the day which suits the Central banks case for a lower euro and who claim that monetary policy will diverge from that of the United States. The pair sits heavily on the mid point of the 1.33 handle for now and tests yearly low.



EUR/USD Levels



Spot is presently trading at 1.3351, and next resistance can be seen at 1.3371 (Hourly 20 EMA) 1.3390 and 1.3410. Next support to the downside can be found at 1.3347 (Daily Classic S1), 1.3335 and 1.3295.



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Investing

    EUR/USD Falls During Wednesday Trading

  2. Forex News

    EUR/USD hovers around 1.1300, German labour report in focus

  3. Forex News

    EUR/USD failure to break above 1.1320/15 – DayTradeIdeas

  4. Forex News

    EUR/USD steadies below 1.1300 post FOMC, German CPI eyed

  5. Forex News

    Euro May Overlook Soft German CPI Data, Swiss Franc Under Fire

Trading Center